{"id":1428025,"date":"2022-04-10T23:59:37","date_gmt":"2022-04-11T03:59:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1428025"},"modified":"2022-04-10T23:59:38","modified_gmt":"2022-04-11T03:59:38","slug":"musks-decision-to-not-join-twitters-board-signals-potential-major-move-he-can-now-make-on-the-company","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musks-decision-to-not-join-twitters-board-signals-potential-major-move-he-can-now-make-on-the-company\/","title":{"rendered":"Musk\u2019s Decision To Not Join Twitter\u2019s Board Signals Potential Major Move He Can Now Make On The Company"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmusks-decision-to-not-join-twitters-board-signals-potential-major-move-he-can-now-make-on-the-company%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1428025&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/02\/MuskElon-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<div class=\"e1nzmkc90 css-1s0j25g\">\n<p>Entrepreneur Elon Musk\u2019s decision to not join Twitter\u2019s board reportedly means that the world\u2019s wealthiest man is no longer restricted in how much of the company that he can buy.<\/p>\n<p>After becoming their top shareholder with control of more than 9% of the company, Musk <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000119312522095651\/d342257dex101.htm\">signed<\/a> an agreement with Twitter for the following terms as long as he served on their board: \u201cMr. Musk agrees that, for so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of Company\u2019s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps or hedging transactions.\u201d<\/p>\n<p>Since Musk declined to join the board, he is not bound by any restrictions on how much of the company he can buy, journalist Yashar Ali <a href=\"https:\/\/archive.ph\/hg5fH\">noted<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Given this news\u2026<a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> is no longer bound to this restriction on ownership. <a href=\"https:\/\/t.co\/gNFoPhiOer\">https:\/\/t.co\/gNFoPhiOer<\/a> <a href=\"https:\/\/t.co\/R8Nx3p38hK\">pic.twitter.com\/R8Nx3p38hK<\/a><\/p>\n<p>\u2014 Yashar Ali \ud83d\udc18 (@yashar) <a href=\"https:\/\/twitter.com\/yashar\/status\/1513361255901265923?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p>\n<\/blockquote>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Entrepreneur Elon Musk\u2019s decision to not join Twitter\u2019s board reportedly means that the world\u2019s wealthiest man is no longer restricted in how much of the company that he can buy.After<\/p>\n","protected":false},"author":102,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1428025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1428025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1428025"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1428025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1428025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1428025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1428025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}